Grayscale Plans $1 Million for Zcash Ecosystem, Allocates $400,000

Grayscale has allocated $400,000 to four organizations supporting Zcash, the first funding under its plan to invest $1 million in groups and initiatives advancing the network. Each organization received $100,000: Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs and Project Tachyon.

Grayscale announced the plan Nov. 10. The launch also introduced Zcash Invest, an educational platform for investors and investment advisers covering the Zcash ecosystem and Grayscale’s Zcash ETF (ZCSH). A nationwide campaign is also part of the rollout.

The initial funding follows Grayscale’s earlier $1 million Zcash pledge. Grayscale plans to direct all sponsor fees collected from ZCSH during the first year after its listing to Zcash development, marketing and education.